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What is the advertised discount on the regular selling price

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Question 1: Damsels clothing store orders a line of jeans at a suggested retail price of $78, less trade discounts of 30% and 7%. The manager decides to sell the jeans at a selling price that is 100% markup on cost. Answers should be to nearest cent and nearest whole percent.

Question 2: If overhead is 30% of the cost price, what will be the operating profit on each pair of jeans?

Question 3: What is the advertised discount on the regular selling price for an inventory clearance sale that guarantees a profit of $10 per pair of jeans?

Question 4: A payment of $800 on an invoice for $1887 reduced the balance owed to $1070.67. What cash discount was allowed on the $800 payment?

Reference no: EM132610750

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